Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

10.2 Excel Problem Enter the data below into a spreadsheet, and then perform the following tasks: EMPLOYEE NUMBER 12355 21789 24456 34567 PAY RATE 10.55

image text in transcribed

image text in transcribed

10.2 Excel Problem Enter the data below into a spreadsheet, and then perform the following tasks: EMPLOYEE NUMBER 12355 21789 24456 34567 PAY RATE 10.55 11.00 95.00 10.00 HOURS WORKED 38 40 90 40 GROSS PAY 400.90 440.00 8,550.00 400.00 DEDUCTIONS 125.00 395.00 145.00 105.00 NET PAY 275.90 45.00 8,405.00 505.00 a. Calculate examples of these batch totals: A hash total A financial total A record count b. Assume the following rules govern normal data: Employee numbers are five digits in length and range from 10000 through 99999. Maximum pay rate is $25, and minimum is $9. Hours worked should never exceed 40. Deductions should never exceed 40% of gross pay. Give a specific example of an error or probable error in the data set that each of the following controls would detect: Field check Limit check Reasonableness test Cross-footing balance test c. Create a control procedure that would prevent, or at least detect, each of the errors in the data set

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Cases In Hong Kong The First Hksa Case Competition

Authors: HKSA Case, Monograph Work GP

1st Edition

9629370883, 978-9629370886

More Books

Students also viewed these Accounting questions

Question

What is the content-level meaning?

Answered: 1 week ago